Approved Institution status requires dedicated research accounts, annual returns, and audited statements to the prescribed authority. Approval was granted to The Bhartiya Arogya Nidhi Medical Research Foundation as an Approved Institution in the category of Scientific Research Association, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form; and furnish the annual audited statement of accounts to the authority by 31st May and also send a copy to the concerned Income-tax Commissioner. The notification specifies a limited period of effectiveness.
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Provisions expressly mentioned in the judgment/order text.
Approved Institution status requires dedicated research accounts, annual returns, and audited statements to the prescribed authority.
Approval was granted to The Bhartiya Arogya Nidhi Medical Research Foundation as an Approved Institution in the category of Scientific Research Association, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form; and furnish the annual audited statement of accounts to the authority by 31st May and also send a copy to the concerned Income-tax Commissioner. The notification specifies a limited period of effectiveness.
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